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Deals & Dealmakers Leases

Hospital Corp. leases 21,000 s/f for Bronx medical center

Commercial space at the 256-unit Tremont Renaissance is now fully leased.

New York City Health and Hospitals Corporation is set to open a full-service family health center in the new Tremont Renaissance building at 1910 Webster Avenue in the Bronx.

Kathy Zamechansky, owner and president of KZA Realty Group, represented Mastermind, Ltd. in the 15-year lease deal with the HHC. Michael Dubin and Hector Rodriguez at Savitt Partners, represented the hospital.

“Mastermind Development’s investment strategy requires us to add value to the communities we serve. This has been fundamental, and natural, to our vision as a lifelong New York, Bronx based company,” said Radame Perez, COO.

“From the inception of planning Tremont Renaissance, our aim was to develop a property that addressed three critical areas that are in crisis throughout the city as a whole, but severely impact many neighborhoods in the outer boroughs — those would be access to quality, sufficient, and affordable housing, nutrition, and health care.“

The 15-year lease is valued at $14,146,767.86 and covers 21,643 s/f on the ground floor of one the new developments.

“As soon as the developers started building the Tremont Renaissance, excitement began to ripple throughout the neighborhood,” said Zamechansky. “The building is a catalyst and a reflection of the vitality that is energizing the Bronx.”

The Health and Hospitals Corp. plans to open a comprehensive family health center to provide pediatric, primary, urgent and elder care.

Amenities at Tremont Renaissance, a mixed-income residential development consisting of 256 apartments and a parking garage, include a fitness and yoga studio, a children’s play area, an internet lounge and rooftop terraces.

According to Perez over 60 percent of the apartments are already occupied and 15,000 s/f of the 40,000 s/f of commercial space open for business with a supermarket and the new Health Care Center assuming the remaining commercial space.

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